Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (unaudited)

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Statements of Cash Flows (unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (5,516,725) $ (3,636,700)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 474,452 1,274,036
Amortization of debt discount costs 0 13,970
Increase (decrease) in cash resulting from changes in:    
Prepaid expenses and other current assets 426,591 (634,609)
Accounts payable 93,566 777,030
Accrued and other current liabilities 74,753 526,840
Net cash used in operating activities (4,447,363) (1,679,433)
Cash flows from financing activities:    
Proceeds from issuance of common stock and warrants, net of issuance costs 4,276,365 0
Proceeds from issuance of common stock upon exercise of pre-funded warrants 87 0
Payments on debt 0 (556,482)
Net proceeds from issuance of convertible subordinated promissory notes 0 1,562,717
Proceeds from issuance of Series 1d preferred units 0 570,000
Net cash provided by financing activities 4,276,452 1,576,235
Net decrease in cash (170,911) (103,198)
Cash at beginning of period 10,798,806 530,400
Cash at end of period 10,627,895 427,202
Supplemental disclosures:    
Cash paid for interest 0 1,420
Cash paid for taxes 800 1,400
Non-cash financing activities:    
Conversion of convertible subordinated promissory notes to Series 1d Preferred Units 0 4,464,801
Conversion of Common and Preferred Units and Warrants to Common and Preferred Stock and Warrants $ 0 $ 29,936,660